ZC1! trade ideas
Corn***Red bullIt has broken out the range, there's a potential IHS pattern.
Buy after pull back in lower fime frame
Delayed planting progress is launching a bull market in CornA massive H&S bottom is unfolding in the Corn market due delayed plantings in the major Corn growing states. Corn has already completed a very rare V-extended bottom, accompanied by a series of potential breakaway gaps.
Corn, the Weather Drives the RallyFollowing the disappointment of the failed talks between the United States and China about two weeks ago, grains, particularly corn and soybeans, have fallen. The corn price dropped to a new low of the year (Monday, May 13). Since that time, the corn has started a steep rise due to the known meteorological problems.
If we take the chart of the futures contract delivery July, we can see how strong has been the rise over the last seven days, and that has led the price to break the trendline resistance of the bearish channel, within which corn was moving from July 2018.
When these situations happen, when an external factor (in this case the climate, the heavy rains) influences so strongly the price of a commodity, the best thing to do is to wait for the effect ends, and for the price to start a "return" towards a normal value.
Yes, because if we exclude the weather, the situation for corn (and all other grains) is not improved, on the contrary...
This rally of the price is a real breath of fresh air for American corn farmers. The collapse of the price has brought to their knees many of them. The trade disputes have already caused a $6.3 billion loss to corn farmers in 2018, and 2019 could be even worse.
It does not mean the rally has to stop right here. The forecast promises more rain the next ten days, and that will give new fuel to the strong bullish phase, but do keep in mind that the rallies, particularly short-covering rallies, can end just as abruptly as they began.
So, I repeat, we have to be patient, wait for the climate effect ends, and only then will we be able to open bearish positions, taking advantage of a return of the price to a value more consistent with the moment we are living.
A fundamental rule in trading is to never anticipate market entry. Remember that it is always better to take a small part of a big movement, rather than a large part of a little movement.
So never be impatient to click on buy or sell.
ZC1! - Corn Futures - What to expect on 2hr.I like when charts show fresh highs, you just let it do its thing till it signals which way its about to go. Looking to get short on this one as its coming up to a nice past resistance level. Not financial advice. Trade safe.
We break this Line and Game on to 2011 HighsCorn plantings around the world are extremely behind schedule. As corn's plant by date passes prices will skyrocket. The red line is the range breakout area to go long for a parabolic move.
Weather tradePurely a weather play, look for July corn to spike to 4.00 never fails during mid April early May
BULLISH DIVERGENCE MAY CORN two cases of clear bullish divergence here on the 60 min chart. new contract low was made during the last session.
I expect some short covering into the beginning of the week, a bounce off the lows signaled by the bullish divergence is possible. I could also see some further pressure occur until the bounce materializes
Everything here is purely my opinion, and in no way advice or recommendations on making trades. I may or may not hold positions in the instruments I analyze.
CORN DAILY CHART ANALYSISKey Level: 387’6
I’m working on the idea of triangle wave (B) complete and wave (C) is developing into 5 wave motive structure.
By using Elliot rule of “WAVE 2 never retrace 100% of wave 1”, we can establish an invalidation level that served as our key level of this analysis.
If wave (B) complete, corn has no business to go above 387’8 level and I’m looking forward to short with corn in wave 3.
Let’s see how corn market develop in the next coming days, week and month :D
Please leave a comment if you have any idea and suggestion to improve this corn analysis.
Happy trading
Corn Futures? A big question mark.What is going to happen with ag commodity futures in the coming months. Where are we going?
We are getting closer to the ever so important growing season in the United States, and ag futures have been stuck in a rut. Specifically corn.
February 8th, the USDA released another one of their important reports and traders saw a decrease in stocks/yield as well as other juicy information. Overall the report was nothing to get the market too excited. After the close us traders saw yesterday, it leaves me even more curious of where these futures are going to go.
From a chart prospective, we have seen strong congestion in corn futures. Looking at the chart here for CZ9 (dec 19), you can see a possible ascending triangle. I am not completely convinced.
I am torn fundamentally with the idea of larger acres coming and then throw in the size of the corn carry out, which is lower than we have seen in a while.
Off the cusp there are a few very interesting variables at play in the ag futures world. Throw in the continuing trade negotiations and every analyst prediction is radically altered.
For now it will be interesting to sit back and watch how this unfolds.
Comments always encouraged.
Everything here is purely my opinion, and in no way advice or recommendations on making trades. I may or may not hold positions in the instruments I analyze.
L.R.
LONG cornSoybean meal and soybeans are ripping after starting the day lower like corn with a nice dip. Nice place to enter with a tight stop loss
Week Plan: Bearish From 383'2Watching for weakness at the value area high at 383'2 with a target at the POC
#ZC_F $ZC_F #Corn – BEAR SPREADThe corn bear spread offers quite nice RRR 1:2. I have already entered at 4,0. My SL is set at 3,0 ($50/contract) and my PT at 6,0 ($100/contract).
#ZC_F $ZC_F #Corn – BEAR SPREADThis bear spread is quite cheap. I see a potential to grow to price 6,0. There is a strong S/R zone. Entry 4,0 / SL 3,0 ($50/contract) / PT 6,0 ($100/contract)
